Real Madrid are in a desperate chase to end Barcelona's dominance of the world stage and the Spanish domestic league.
Madrid manager Jose Mourinho has replenished his team in the hope of achieving glory this season, however, there is still quite a bit of work to be done.
Here are six players Real Madrid will be aiming for in the January transfer window.
Looking back on 2010, Real Madrid would probably agree that that their striker woes were perhaps one of the biggest reasons for their bad results last season.
Luckily, going forward there seem to be one or two options to fill that role.
There is growing media speculation that Barcelona are close to signing Brazilian starlet Neymar and while this has been refuted by his current club Santos, there is even more speculation about a move to Real Madrid.
In June, the player's agent claimed that a deal transferring Neymar to Real Madrid was close. A few weeks later, Santos president Luis Alvaro de Oliveira Ribeiro admitted that Real had agreed to meet Neymar's €45 million release clause.
Speaking to journalists, Brazil legend Luis Ronaldo advised Neymar to join Madrid saying, "Both options [Real Madrid and Barcelona] are great, but I still hope he goes to Real Madrid, where I spent five years. I think it would be better for him."
Real Madrid are reported to be interested in Tottenham Hotspurs' defensive midfielder Sandro.
It is claimed that the Brazilian is in search of Champions League football and after Spurs failed to qualify for the tournament, it would not be surprising if Sandro left for greener pastures.
With Lassana Diarra on the way out of Madrid, it is rumored that a swap deal may be in the works.
Rumors also abound that Javier Hernandez is a target for Jose Mourinho.
The Real Madrid manager's long-standing interest in the Mexican international is well documented and apparently there have been some incentives offered to Manchester United if they were to sell Hernandez.
Responding to this increasing interest, United are in talks with Hernandez and his representatives over a new—and more lucrative—contract.